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ARTICLE · 08 JUNE 2018

Trusts (Amendment No 7) (Jersey) Law 2018

Carey Olsen
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The Trusts (Amendment No 7) (Jersey) Law 2018, which contains a number of amendments to the Trusts (Jersey) Law 1984 (the Trusts Law), came into force on 8 June 2018.

JerseyCorporate/Commercial Law
Siobhan Riley
Siobhan Riley
Andreas Kistler
Andreas Kistler
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The Trusts (Amendment No 7) (Jersey) Law 2018, which contains a number of amendments to the Trusts (Jersey) Law 1984 (the Trusts Law), came into force on 8 June 2018.

Key provisions of Amendment No.7

  1. Clarifying amendments to Article 9A of the Trusts Law (reservation or grant of powers by a settlor).
  2. A re-write of Article 29 of the Trusts Law (disclosure of trust information).
  3. Important amendments to Articles 34, 40 and 43 of the Trusts Law and the insertion of a new Article 43A (trustee security and indemnities).
  4. Substantial amendment to Article 38 of the Trusts Law (accumulation of income and the statutory power of advancement).
  5. Amendment to Article 47 of the Trusts Law (the Court's power to vary trusts).

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